Following the two-year suspension of Chennai Super Kings and Rajasthan Royals, two new franchises Rising Pune Supergiants and Gujarat Lions were established. These two franchises were allowed to draft a maximum of five players each from the Chennai and Rajasthan teams. The draft took place on 15 December 2015 and the following players were bought:[1]
Prior to the auction, teams could release players and retain those that they wanted for the next season. The salaries of the released players would be added to the salary purse of the teams which was increased to Rs. 66 crores for the 2016 edition. The salaries of the retained players was deducted from this purse.[3][4]
The first trading window was open between 15 and 31 December 2015, and the second was open from 11 to 25 January 2016. After the players auction on 6 February 2016, a third window was open between 8 February and 19 February 2016.[1]
The following transfers were made during the trading windows:
The players auction for the 2016 Indian Premier League was held in Bangalore on 6 February 2016. All the eight franchises had taken part in the auction.[8]
Sold players
Out of the 351 cricketers shortlisted, 94 were sold at the auction. 66 of these players were Indian and the remaining 28 were overseas cricketers. A total of ₹136 crore was spent by the eight franchises at the auction.[9][10]